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INX:JPM, Mar 26, 11:19 UTC

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O'Reilly Automotive Added To JPMorgan Analyst's 'Focus List'

JPM ORLY

Among the multiple major players in the auto parts sector, O'Reilly Automotive Inc (NASDAQ: ORLY) stands out to benefit the most from a "weather deep dive" analysis, according to JPMorgan. JPMorgan's Christopher Horvers maintains an Overweight rating on O'Reilly Automotive with a $398 price target and is now included in the firm's "Analyst Focus List." Weather is a key factor in determining auto parts demand in terms of both "in the moment" (i.e., freezing weather prompts battery failure) and a lagged impact (repairs from salt on roads or corrosion), Horvers said in a research report. Based on a geographical exposure, O'Reilly Automotive is best positioned to take advantage of the 2019 "solid but not as good as 2018" snow trends.

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JPMorgan asks 300 staff to move if no Brexit deal - source

JPM GBPUSD

JPMorgan asks 300 staff to move if no Brexit deal - source. LONDON (Reuters) - JPMorgan is asking around 300 staff in its London office to sign new contracts that will require them to move to one of the bank's other hubs in the European Union if there is a no-deal Brexit, according to a person familiar with the matter. This is part of JPMorgan's plans to shift hundreds of staff if Britain leaves the EU without an exit deal so that it can continue to offer clients in the bloc trading, advisory and banking services. A source said that JPMorgan staff in London asked to sign new contracts had already been consulted on the matter, and those who did not wish to move would not be made redundant.

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JPMorgan awards research grants, deepening its AI push

JPM

NEW YORK (Reuters) - JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday. Winners of the JPMorgan's first AI Research Awards will study the use of AI and machine learning in areas including investment advice, risk management, digital assistants and trading behavior. JPMorgan and other financial institutions have been investing more to develop artificial intelligence-based technology to better process the vast amounts of data they collect and produce, and to become more efficient. But they are struggling to compete for the best computer-science talent with Silicon Valley startups and large technology companies such as Alphabet Inc's and Amazon.com Inc. Through the awards, the bank hopes to deepen ties with academia following the creation of its AI research division less than a year ago, Manuela Veloso, head of JPMorgan's AI Research, said in an interview.

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Friday, March 22


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JPMorgan Chase tests neuroscience-based video games to recruit interns

JPM

NEW YORK (Reuters) - JPMorgan Chase & Co is testing neuroscience-based video games to help recruit interns, as it seeks to increase the diversity of its workforce by broadening its candidate pool. The bank is piloting technology from pymetrics, a startup whose games help companies assess applicants' social, cognitive and behavioral features, such as attention, memory and altruism, Matt Mitro, JPMorgan's head of campus recruiting, said in an interview. To identify which potential interns might be best suited for a job, the platform measures a candidate's attributes against those of a firm's successful employees. Over the past few months, entry level employees at JPMorgan across the world played the pymetrics' games, which were then played by hundreds of candidates for a limited number of full-time roles, Mitro said.

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Thursday, March 21


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JPMorgan Chase & Co. (JPM) Shares Sold by Axa

JPM

AXA’s holdings in JPMorgan Chase & Co. were worth $146,731,000 at the end of the most recent reporting period. Schwab Charles Investment Management Inc. now owns 13,009,422 shares of the financial services provider’s stock valued at $1,355,582,000 after purchasing an additional 270,508 shares during the last quarter. In other JPMorgan Chase & Co. news, Director James S. Crown purchased 5,000 shares of the business’s stock in a transaction on Tuesday, February 5th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Wednesday, December 5th.

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Tuesday, March 19


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JPMorgan Chase (JPM) Dips More Than Broader Markets: What You Should Know

JPM

JPMorgan Chase (JPM) Dips More Than Broader Markets: What You Should Know. In the latest trading session, JPMorgan Chase (JPM) closed at $106.80, marking a -0.36% move from the previous day. Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be April 12, 2019. Our most recent consensus estimate is calling for quarterly revenue of $28.11 billion, up 0.73% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $9.73 per share and revenue of $114.38 billion, which would represent changes of +8.11% and +4.9%, respectively, from the prior year.

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JPMorgan Chase Declares Common Stock Dividend

JPM

The Board of Directors of JPMorgan Chase & Co. (JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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JPMorgan Offers Checkless Accounts for Low-Income Customers

JPM

Amid the efforts made by banks to attract low-income customers, JPMorgan Chase JPM has started offering low-fee checkless accounts. The news was first reported by Reuters.Although these accounts are no-overdraft accounts, these come with debit cards, digital payments and free check cashing.Moreover, these accounts charge $60 annually, which is significantly below the charge of $200-$500 per annum at check cashing and money order services.In the past, banks generated significant revenues from overdraft fees. However, this was not favored by many customers and hence discouraged low-income people from using banks.The chief executive of JPMorgan’s Consumer Banking unit, Thasunda Duckett stated, “The very first step in building financial health really starts with a bank account.” She opines that these accounts will most likely attract more individuals with low income.JPMorgan is not the first bank to introduce such accounts. Similar accounts were offered by Bank of America BAC and Citigroup C. In fact, 16,000 ATMs and 5,000 branches in the United States that JPMorgan already has come second in line after Wells Fargo WFC.Notably, unlike the prepaid debit card that JPMorgan has been offering since 2012 for $4.95 a month, this new account offers features like paying for car rentals and Uber taxi rides.Duckett informed that while these accounts will make “some money", it will be less than what the bank generates through its other businesses.Of late, regulators have been persuading banks to offer services that can attract low-income customers to use banks. In fact, banks have already built digital tools for well-off clients. And now, these services should be extended to low-income individuals to help remove poverty.Over the past 12 months, shares of JPMorgan have lost 6.5% compared with 9.2% decline recorded by the industry.Currently, the stock carries a Zacks Rank #3 (Hold).

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JPMorgan Upgrades Domino’s Pizza, Downgrades Yum! Brands

JPM YUM

Domino’s is down 0.7% in 2019, while Yum, whose brands include Pizza Hut and Taco Bell, has risen 7.9%. JPMorgan’s John Ivankoe upgraded Domino’s to Overweight with a $270 price target on Tuesday, and downgraded Yum to Neutral. While there have been a few big notable exceptions, like (CMG) (CMG), most fast-food and fast-casual restaurants have struggled to keep pace with the broader market this year, and Domino’s and Yum fall into this category.

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Girls Inc. and JPMorgan Chase to Reach 20,000 Girls through National Program Promoting Financial Health

JPM

By serving as the sole national sponsor of the Girls Inc. Economic Literacy Program, JPMorgan Chase will help Girls Inc. teach girls vital skills that they can use for life, through classes, field trips, mentoring, and workshops, including opportunities for girls and their parents to engage with JPMorgan Chase employees. In addition to financial topics, the program also will help girls learn about and get exposure to different jobs and career options. Over the last five years, the firm has invested more than $100MM to help millions of underserved people in the U.S. – including women and people of color – save more, reduce debt, build credit and meet their long-term financial goals. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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